Section 13. A fund desiring to consolidate or merge with any other fund shall comply with the procedures set forth in section seven of chapter one hundred and seventy-six, inserted by section one of chapter five hundred and forty of the acts of nineteen hundred and fifty-eight. Such merger or consolidation shall be considered to be approved by the commissioner unless, after a hearing in accordance with chapter thirty A, the commissioner disapproves said merger or consolidation in writing within sixty days after the filing of all materials.
Any such merger or consolidation shall have the effects on the rights and property of the funds which are set forth as to fraternal benefit societies in said section seven of said chapter one hundred and seventy-six, as so inserted.
Structure Massachusetts General Laws
Part I - Administration of the Government
Chapter 175f - Medical Malpractice Self-Insurance Trust Funds
Section 3 - Application for Certification; Denial; Approval
Section 4 - Application of Chapter
Section 5 - Rights, Obligations and Responsibilities of Fund and Trustee
Section 6 - Annual Statement of Financial Condition; Penalty for Failure to File
Section 7 - Standards for Proper Accounting Methods to Be Used
Section 10 - Revocation or Suspension of Certification of Fund; Removal of Trustee
Section 12 - Trust Instrument Provisions
Section 13 - Merger or Consolidation of Funds
Section 14 - Legal Requirement of Insurance or Commercial Insurance
Section 15 - Liability of Fund
Section 16 - Fund Declared to Be Charitable and Benevolent Institution; Exemption From Taxes